你好啊，我是小舟姑娘。 起初我和猪队友买金条时用的还是笨办法，就是跑银行柜台一家一家去问。 那一下午我们跑了四五家银行，每家的金价都不一样，但还是有收获的，我们基本摸清楚了购买方法。 有个热心柜姐建议我俩直接在app上买贵金属积存，等攒到一定克数，再联系银行提取。 没想到在银行买金条也藏着这么多门道，今天就来总结下银行买金条的实用小 tips，感兴趣的小伙伴可以点赞+关注，避免用到的时候就找不到了。 1、选择哪家银行购买？ 每家银行的金条叫法都不一样，例如，工商银行的金条叫如意金，农行的金条叫传世金，建行的金条叫建行金，招行的金条叫招行金，邮政的金条叫邮储 金…… 银行其实也是个二手贩子，它本身并不生产金条，它的金条是委托贵金属生产企业代加工的，银行为了挣差价再转手卖给咱们。 至于价格，每家银行的都不一样，想要知道某个银行当日的金价，不用像我和猪队友那样趟趟跑，可以直接打银行电话，或者在银行app上查询。 例如，今天的上海金价是942.2元/克，这是国内黄金的裸金价格。 查询方法：微信-腾讯理财通小程序-首页点黄金-国内现货价格。 今天建行金的价格是956.7元/克，招行金的价格是958.8元/克，农行传世金 ...

Core Viewpoint - The company has successfully transformed its strategy from focusing on gold as a material to emphasizing art and emotional value, leading to significant growth in sales and brand recognition as "art jewelry" [2][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 870 million yuan, a year-on-year increase of 37%, and a net profit of approximately 60.61 million yuan, marking a significant turnaround [3]. - Revenue from the gold category has risen to 80% of total sales, with embedded gold sales surging by 200% year-on-year, becoming the strongest driver of overall revenue and profit growth [3]. Strategic Focus - The company has firmly invested in the "art gold" strategy, integrating Eastern and Western classic art elements with gold craftsmanship since the launch of the "Heritage Gold" series in 2023 [3]. - The product matrix includes two differentiated systems: "Heritage Gold" and "Embedded Jewelry," catering to various consumer needs from collectible art pieces to everyday wear [4]. Competitive Advantages - The company has established a three-tiered competitive moat through the deep integration of art, craftsmanship, and emotional insights [5]. - The first barrier is the deep deconstruction and re-creation of art IP, enhancing brand competitiveness in the high-end jewelry market [5]. - The second barrier involves continuous investment in craftsmanship, with R&D expenses increasing by 47.46% year-on-year, focusing on gold embedding technology and artistic expression [6]. - The third barrier is the precise capture of consumer emotional needs, shifting gold consumption from "value preservation" to "self-expression" and "emotional resonance" [7]. Sustainable Growth Path - The company is optimizing its channels by reducing the number of underperforming stores, with a net decrease of 27 direct stores and 10 franchise stores, focusing resources on core business areas [8]. - A comprehensive terminal operation quality improvement system has been established to enhance the performance of benchmark stores and optimize underperforming ones [8]. - The company plans to create 50 direct stores and 15 franchise stores with annual sales exceeding 10 million yuan, laying a solid foundation for future growth [8]. Future Outlook - The company aims to continue deepening its art gold strategy through ongoing product innovation, channel optimization, and brand building, aspiring to become a benchmark brand in Chinese art jewelry [9].

Core Viewpoint - The recent announcement of a share reduction by major shareholder Ningbo Ningju comes after a significant stock price increase for jewelry retailer Leysen Tongling, which has seen its stock rise by 171% this year, despite a history of declining profits from 2018 to 2024 [1][2]. Group 1: Company Performance - Leysen Tongling's net profit has declined for seven consecutive years, from a peak of 309 million yuan in 2017 to a loss of 184 million yuan by 2024 [2]. - In the first half of 2025, Leysen Tongling reported a net profit of 60.61 million yuan, marking a year-on-year increase of 263.52% [2][3]. - The company's performance turnaround is attributed to the popularity of embedded gold jewelry products, despite a general decline in gold consumption in China [2][3]. Group 2: Shareholder Actions - Ningbo Ningju, which acquired a 5.31% stake in Leysen Tongling in August 2024, plans to reduce its holdings by up to 343,000 shares, representing a maximum of 1% of the total shares, due to personal funding needs [4][5]. - As of September 18, 2025, Ningbo Ningju's unrealized gains from its investment in Leysen Tongling reached approximately 144.37%, amounting to around 112 million yuan [6]. Group 3: Market Context - The jewelry retail industry is experiencing a structural upgrade, with differentiated gold jewelry products gaining market favor amid high gold prices and changing consumer preferences [2][3]. - Leysen Tongling's brand, "Leysen1855," is positioned as a high-end jewelry brand with cultural significance, contributing to its competitive advantage in the market [3].

Core Viewpoint - The report highlights the financial performance and strategic positioning of Leysen Jewellery Co., Ltd. in the jewelry retail industry, emphasizing its focus on artistic gold products and innovative designs to capture market share amid changing consumer preferences and economic conditions [1][2][3]. Financial Performance - The company's revenue for the first half of 2025 reached approximately 870 million RMB, a 37% increase compared to the same period last year [2]. - The total profit amounted to approximately 63.9 million RMB, a significant recovery from a loss of about 44.7 million RMB in the previous year [2]. - The net profit attributable to shareholders was approximately 60.6 million RMB, recovering from a loss of about 37.1 million RMB in the same period last year [2]. - The company's net assets increased by 3.25% to approximately 1.97 billion RMB compared to the end of the previous year [2]. Industry Overview - The jewelry retail industry is categorized under discretionary consumer goods, with a reported retail sales growth of 11.3% for gold and silver jewelry in China [3][11]. - Despite high gold prices suppressing jewelry consumption, there is a notable shift towards products with strong design and emotional value, particularly among younger consumers [3][4]. - The overall gold consumption in China decreased by 3.54% in the first half of 2025, with gold jewelry consumption dropping by 26% [3][11]. Company Strategy - The company focuses on the "artistic gold" segment, aiming to differentiate itself through unique designs and high-quality craftsmanship [12][13]. - Leysen has developed a diverse product matrix, including core series such as "Art Museum" and "New Classics," which blend Eastern and Western artistic elements [12][18]. - The company emphasizes innovation in product design, with recent launches inspired by famous artworks, such as Van Gogh's "Starry Night" and "Wheat Field" [18][19]. Market Positioning - Leysen's products are positioned as high-end, collectible items that combine artistic value with modern aesthetics, appealing to consumers seeking unique jewelry [16][17]. - The company has successfully established a strong brand identity centered around "artistic gold," which sets it apart from traditional gold jewelry offerings [16][17]. - The strategic focus on high-margin embedded gold products has led to a significant increase in sales, with embedded gold sales growing by 200% year-on-year [12][13]. Marketing and Sales Strategy - The company employs a multi-channel marketing strategy, utilizing social media platforms and influencer partnerships to enhance brand visibility and drive sales [20][21]. - Leysen has established a robust online presence through e-commerce platforms like Tmall and JD, alongside a nationwide offline retail network [21]. - The company has implemented a training program to enhance sales skills among staff, contributing to improved customer engagement and sales performance [15][21].

Group 1: Focusing on Companies - Tianhong Fund recently conducted research on five listed companies, including Foxit Software, which has a first-mover advantage in the intelligent document processing sector, primarily serving small and medium enterprises while also catering to large clients [1] - Foxit Software is enhancing its subscription revenue through cloud transformation and global marketing network expansion, with AI driving business model upgrades [1] - Laisentongling is expected to see rapid revenue growth in 2024, with a focus on differentiated gold products and brand positioning, aiming for a gross margin increase from 39.5% in 2024 to 41.7% in Q1 2025 [2] - Fuguang Co., Ltd. achieved a revenue of 621.39 million yuan in 2024, a year-on-year increase of 5.82%, and a net profit of 9.49 million yuan, marking a turnaround to profitability [3] - Zhongke Environmental Protection has a differentiated advantage in its heating business, with significant growth potential driven by stable heat demand and project location advantages [4] - Zhuhai Guanyu plans to enhance its product and market competitiveness by increasing R&D investment and improving process levels, while also focusing on key technologies in lithium-ion and sodium-ion batteries [5] Group 2: Financial Performance and Projections - Foxit Software's accounts receivable and contract liabilities grew in tandem, influenced by subscription transformation and acquisitions [1] - Laisentongling's gold-inlaid products are expected to account for 65% of revenue in 2024, increasing to 70%-75% in Q1 2025, with a focus on optimizing low-efficiency stores [2] - Fuguang Co., Ltd.'s customized product business saw a revenue increase of 113.26%, indicating strong market demand for high-end optical components [3] - Zhongke Environmental Protection's heating capacity is significantly greater than current demand, indicating potential for future growth [4] - Zhuhai Guanyu's investment cash flow is negative due to fixed asset investments, while financing cash flow is also negative due to loan repayments and interest payments [5]

Core Viewpoint - The company, Leysen Jewelry Co., Ltd., reported a net loss of approximately 184.34 million yuan for the fiscal year 2024 and has decided not to distribute profits, including cash dividends or stock bonuses, due to its financial situation and future business needs [3][52][98]. Company Overview - Leysen operates in the jewelry retail industry, focusing on brand management, product design, and retail of various jewelry types, including gold, diamonds, and jade [4]. - The company has upgraded its gold product line and aims to create unique artistic gold pieces that blend Eastern and Western design elements [4][10]. Financial Performance - For the fiscal year 2024, the company reported a net profit attributable to the parent company of -184,338,868.63 yuan, with an ending undistributed profit of 137,443,457.38 yuan as of December 31, 2024 [3][98]. - The decision to not distribute profits aligns with regulatory guidelines and is intended to support the company's ongoing operations and development [52][98]. Profit Distribution Plan - The company plans to forgo profit distribution for 2024, which includes not issuing cash dividends, stock bonuses, or capital increases from reserves [3][52][98]. - This decision has been approved by the board and will be submitted for shareholder approval [99][100]. Stock Incentive Plan - The company has a stock incentive plan that allows for the release of 1,035,000 shares from restrictions, which will be available for trading on April 29, 2025 [19][35][88]. - The plan has undergone necessary approvals and is in compliance with relevant regulations [41][42].